Sinomine Resource Group's (SHE:002738) subsidiary, Zhongkuang Lithium Industry, commenced the trial operation of the upgraded lithium salt production line on Jan. 2, according to a Shenzhen bourse filing on Monday.
The production line in Xinyu City, Jiangxi Province, China was upgraded for 120.7 million yuan.
Under the upgrade, the production capacity of lithium salts in the plant will increase to 30,000 tons per year from 25,000 tons per year.
The Chinese mining company's shares rose over 2% during the morning trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments